Leidos income statement

In fiscal 2025, Leidos reported revenue of $17.17bn, up 3.1% on the year before, operating income of $2.11bn (a 12.3% margin) and net income of $1.45bn, or $11.14 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Leidos: income statement, annual
Fiscal year	2009Jan 2009	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2015	2015Jan 2016	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Jan 2020	2020Jan 2021	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Jan 2025	2025Jan 2026	LTMOct 2026
Revenue	10.1	10.6	10.8	5.8	6.4	4.7	4.7	7.0	10.2	10.2	11.1	12.3	13.7	14.4	15.4	16.7	17.2	17.8
Cost of revenue	8.7	9.2	9.4	5.4	5.5	4.1	4.1	6.1	8.7	8.7	9.5	10.6	11.7	12.3	13.2	13.9	14.1	14.7
Gross profit	1.4	1.4	1.4	0.5	0.9	0.6	0.6	0.9	1.4	1.5	1.5	1.7	2.0	2.1	2.2	2.8	3.1	3.1
Research and development	0.0	0.0	0.1	0.1	0.0	—	0.0	0.0	0.0	0.0	0.0	0.1	0.1	0.1	0.1	0.2	0.2	—
Selling, general and administrative	—	—	—	—	0.5	0.3	0.2	0.4	0.7	0.7	0.7	0.8	0.9	1.0	0.9	1.0	1.0	1.0
Operating income	0.8	0.8	0.9	−0.1	0.4	−0.2	0.3	0.4	0.6	0.7	0.9	1.0	1.2	1.1	0.6	1.8	2.1	2.0
Interest expense	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.2	—	—	—	—	—
Net interest income	—	—	—	—	—	—	—	−0.1	−0.1	−0.1	−0.1	−0.2	−0.2	−0.2	−0.2	−0.2	−0.2	—
Income before tax	0.7	0.8	0.9	−0.2	0.3	−0.3	0.4	0.3	0.4	0.6	0.9	0.8	1.0	0.9	0.4	1.6	1.9	1.8
Income tax	0.3	0.3	0.3	0.1	0.0	0.1	0.1	0.1	0.0	0.0	0.2	0.2	0.2	0.2	0.2	0.4	0.4	0.4
Net income	0.5	0.5	0.6	0.1	0.5	−0.3	0.2	0.2	0.4	0.6	0.7	0.6	0.8	0.7	0.2	1.3	1.4	1.4
Diluted EPS	$1.09	$1.23	$1.64	$0.68	$6.19	−$4.51	$3.27	$2.35	$2.38	$3.80	$4.60	$4.36	$5.27	$4.96	$1.44	$9.22	$11.14	$11.17
Diluted shares (average)	402m	390m	366m	84m	83m	74m	74m	104m	154m	153m	145m	144m	143m	138m	138m	136m	130m	127m
EBITDA	0.9	0.9	1.0	0.0	0.5	−0.1	0.4	0.5	0.9	1.0	1.1	1.3	1.5	1.4	1.0	2.1	2.4	2.4

US$ millions unless shown otherwise. Fiscal quarters.

Leidos: income statement, quarterly
Quarter	2024 Q4Jan 2025	2025 Q1Apr 2025	2025 Q2Jul 2025	2025 Q3Oct 2025	2025 Q4Jan 2026	2026 Q1Apr 2026	2026 Q2Jul 2026	2026 Q3Oct 2026
Revenue	4,365	4,245	4,253	4,469	4,207	4,400	4,558	4,630
Cost of revenue	3,672	3,488	3,471	3,648	3,468	3,639	3,741	3,810
Gross profit	693	757	782	821	739	761	817	820
Selling, general and administrative	279	230	217	290	262	223	283	262
Operating income	421	530	571	535	473	508	514	553
Income before tax	375	478	518	484	429	429	451	482
Income tax	93	113	125	115	94	94	95	69
Net income	284	363	391	367	327	328	354	410
Diluted EPS	$2.09	$2.77	$3.01	$2.82	$2.52	$2.56	$2.81	$3.28
EBITDA	500	599	643	609	548	580	595	629

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Leidos's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Leidos.